Hellenic
Casino Sells Stake
As reported by Reuters: "Hellenic
Casinos Co. said on Monday it agreed to sell
a 51.57 percent stake in Greek casino operator
Hyatt Regency to funds advised by private equity
group BC Partners at 11.0 euros a share.
"It
said the sale would be completed upon approval
by the European Commission.
"…Hellenic
Casinos is owned by the Laskaridis, Pritzker
and Theocharakis families. Sources close to
the agreement told Reuters Kappa Securities
brokered the deal.
"…Hyatt
Regency launched casino operations in Thessaloniki
in northern Greece in 1996 and opened an upscale
hotel three years later, when it listed on the
Athens stock exchange…"
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